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Prior to the opening of the US stock market on February 10, 2026, optical communication stocks maintained their upward trajectory, with Credo Technology experiencing a remarkable surge of over 17%. The company anticipates reporting revenue between $404 million and $408 million for the third quarter of fiscal year 2026, significantly surpassing market expectations. Meanwhile, Astera Labs witnessed a rise of over 5%, and Corning climbed more than 1%. Credo Technology stands at the forefront of high-speed connectivity solutions tailored for AI computing power, with its impressive performance propelled by the ongoing construction of AI clusters. Its clientele primarily comprises global hyperscale cloud providers and AI computing power enterprises.
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